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A note on the yen/dollar rate without foreign exchange intervention

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  • Takeshi Hoshikawa
  • Keiko Yamaguchi

Abstract

This article shows what the yen/dollar rate would be without foreign exchange interventions by the Japanese government for 61 086 billion yen. If there had been no interventions, then the yen/dollar rate in June 2011 may have been 54.30 instead of the actual rate of 80.52.

Suggested Citation

  • Takeshi Hoshikawa & Keiko Yamaguchi, 2013. "A note on the yen/dollar rate without foreign exchange intervention," Applied Economics Letters, Taylor & Francis Journals, vol. 20(3), pages 238-243, February.
  • Handle: RePEc:taf:apeclt:v:20:y:2013:i:3:p:238-243
    DOI: 10.1080/13504851.2012.689097
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    Cited by:

    1. Hoshikawa, Takeshi, 2017. "Exchange rate rebounds after foreign exchange market interventions," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 469(C), pages 102-110.

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